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Sunday, Aug 14, 2022
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Midday Stock Roundup

Major U.S. stock indexes tumbled in Monday midday trading amid investor concern over a potential default of major Chinese real estate company, China Evergrande Group (3333.HK), and its impact on global markets.

The Nasdaq led losses with a 2.7% drop to 14,632.14, while the S&P; 500 fell 2.2% to 4,336.79. The Dow Jones Industrial Average was down 2.1% to 33,863.40.

Crude oil decreased 2.2% to $70.39.

Gold was down 0.7% to $1,762.70.

The yield on a 10-year Treasury dropped 4.2% to 1.312%.

TECHNOLOGY

Shares of Irvine online gambling technology company GAN Ltd. (Nasdaq: GAN) fell 7.8% to $15.02 and a $631 million market cap. Shares, currently trading at less their average volume, are down about 44% in the past six months.

Irvine-based sensor maker Interlink Electronics Inc. (Nasdaq: LINK) led gains in the tech sector, with shares up 3.3% to $11.39 and a $75 million market cap. Trading volume is about four times its average daily volume, while shares are up nearly 15% in the past month.

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